##### 



Exhibit 4.1
     [Indenture
Trustee]
 
 Indenture
 
 Asset Backed
Notes




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##### 



TABLE OF CONTENTS
 PageARTICLE I Definitions
    
    
    3Section 1.01. Definitions
    
    
    3Section 1.02. Other Definitional Provisions
    
    
    22ARTICLE II The Notes
    
    
    23Section 2.01. Form Generally
    
    
    23Section 2.02. Denominations
    
    
    23Section 2.03. Execution, Authentication and Delivery
    
    
    24Section 2.04. Authenticating Agent
    
    
    24Section 2.05. Registration of and Limitations on Transfer and Exchange of Notes
    
    
    25Section 2.06. Mutilated, Destroyed, Lost or Stolen Notes
    
    
    27Section 2.07. Persons Deemed Owners
    
    
    28Section 2.08. Appointment of Paying Agent
    
    
    28Section 2.09. Access to List of Noteholders Names and Addresses
    
    
    29Section 2.10. Cancellation
    
    
    29Section 2.11. Release of Collateral
    
    
    29Section 2.12. New Issuances
    
    
    30Section 2.13. Book-Entry Notes
    
    
    31Section 2.14. Notices to Clearing Agency or Foreign Clearing Agency
    
    
    32Section 2.15. Definitive Notes
    
    
    32Section 2.16. Global Notes; Euro-Note Exchange Date
    
    
    33Section 2.17. Meetings of Noteholders
    
    
    33Section 2.18. Uncertificated Classes
    
    
    34ARTICLE III Representations and Covenants of Issuer
    
    
    34Section 3.01. Payment of Principal and Interest
    
    
    34Section 3.02. Maintenance of Office or Agency
    
    
    34Section 3.03. Money for Note Payments to Be Held in Trust
    
    
    34Section 3.04. Existence
    
    
    36Section 3.05. Protection of Trust
    
    
    36Section 3.06. Opinions as to Trust Assets
    
    
    37Section 3.07. Performance of Obligations; Servicing of Receivables
    
    
    37Section 3.08. Negative Covenants
    
    
    39Section 3.09. Statements as to Compliance
    
    
    40Section 3.10. Issuer May Consolidate, Etc., Only on Certain Terms
    
    
    40Section 3.11. Successor Substituted
    
    
    42Section 3.12. No Other Business
    
    
    42Section 3.13. No Borrowing
    
    
    42Section 3.14. Servicers Obligations
    
    
    42Section 3.15. Guarantees, Loans, Advances and Other Liabilities
    
    
    42Section 3.16. Capital Expenditures
    
    
    43i




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PageSection 3.17. Removal of Administrator
    
    
    43Section 3.18. Restricted Payments
    
    
    43Section 3.19. Notice of Events of Default
    
    
    43Section 3.20. Further Instruments and Acts
    
    
    43Section 3.21. Additional Representations and Warranties of Issuer
    
    
    44ARTICLE IV Satisfaction and Discharge
    
    
    45Section 4.01. Satisfaction and Discharge of Indenture
    
    
    45Section 4.02. Application of Trust Money
    
    
    46ARTICLE V Amortization Events, Defaults and Remedies
    
    
    46Section 5.01. Amortization Events
    
    
    46Section 5.02. Events of Default
    
    
    47Section 5.03. Acceleration of Maturity; Rescission and Annulment
    
    
    48Section 5.04. Collection of Indebtedness and Suits for Enforcement
by Indenture Trustee
    
    
    48Section 5.05. Remedies; Priorities
    
    
    50Section 5.06. Optional Preservation of Trust Assets
    
    
    52Section 5.07. Limitation on Suits
    
    
    53Section 5.08. Unconditional Rights of Noteholders to Receive Principal and Interest
    
    
    54Section 5.09. Restoration of Rights and Remedies
    
    
    54Section 5.10. Rights and Remedies Cumulative
    
    
    54Section 5.11. Delay or Omission Not Waiver
    
    
    54Section 5.12. Rights of Noteholders to Direct Indenture Trustee
    
    
    54Section 5.13. Waiver of Past Defaults
    
    
    55Section 5.14. Undertaking for Costs
    
    
    55Section 5.15. Waiver of Stay or Extension Laws
    
    
    55Section 5.16. Sale of Trust Assets
    
    
    56Section 5.17. Action on Notes
    
    
    56ARTICLE VI The Indenture Trustee
    
    
    57Section 6.01. Duties of Indenture Trustee
    
    
    57Section 6.02. Notice of Amortization Event, Events of Default or Servicer Default
    
    
    59Section 6.03. Rights of Indenture Trustee
    
    
    59Section 6.04. Not Responsible for Recitals or Issuance of Notes
    
    
    60Section 6.05. May Hold Notes
    
    
    60Section 6.06. Money Held in Trust
    
    
    61Section 6.07. Compensation, Reimbursement and Indemnification
    
    
    61Section 6.08. Replacement of Indenture Trustee
    
    
    62Section 6.09. Successor Indenture Trustee by Merger
    
    
    63Section 6.10. Appointment of Co-Indenture Trustee or Separate Indenture Trustee
    
    
    63Section 6.11. Eligibility; Disqualification
    
    
    64Section 6.12. Preferential Collection of Claims Against
    
    
    64ii




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PageSection 6.13. Tax Returns
    
    
    65Section 6.14. Representations and Covenants of Indenture Trustee
    
    
    65Section 6.15. The Securities Intermediary; Certain Matters Relating to Trust Account
Securities Subaccounts
    
    
    65ARTICLE VII Noteholders List and Reports by Indenture Trustee and Issuer
    
    
    67Section 7.01. Issuer to Furnish Indenture Trustee Names and Addresses of Noteholders
    
    
    67Section 7.02. Preservation of Information; Communications to Noteholders
    
    
    67Section 7.03. Reports by Issuer
    
    
    67Section 7.04. Reports by Indenture Trustee
    
    
    68Section 7.05. Notice by Publication
    
    
    68ARTICLE VIII Allocation and Application of Collections
    
    
    68Section 8.01. Collection of Money
    
    
    68Section 8.02. Rights of Noteholders
    
    
    69Section 8.03. Establishment of Collection Account and Excess Funding Account; Certain
Matters Relating to Trust Account Cash Deposit Subaccounts
    
    
    69Section 8.04. Collections and Allocations
    
    
    73Section 8.05. Interest Reallocation Groups; Excess Interest Sharing Groups; Principal
Sharing Groups
    
    
    74Section 8.06. Shared Enhancement Series
    
    
    75Section 8.07. Release of Trust Assets; Eligible Loan Documents
    
    
    75ARTICLE IX Distributions and Reports to Noteholders
    
    
    76Section 9.01. Distributions and Reports to Noteholders
    
    
    76ARTICLE X Supplemental Indentures
    
    
    76Section 10.01. Supplemental Indentures without Consent of Noteholders
    
    
    76Section 10.02. Supplemental Indentures with Consent of Noteholders
    
    
    78Section 10.03. Execution of Supplemental Indentures
    
    
    80Section 10.04. Effect of Supplemental Indenture
    
    
    80Section 10.05. Conformity with Trust Indenture Act
    
    
    80Section 10.06. Reference in Notes to Supplemental Indentures
    
    
    80ARTICLE XI Termination
    
    
    81Section 11.01. Termination of Trust
    
    
    81Section 11.02. Final Distribution
    
    
    81Section 11.03. [Transferors]/[Transferors] Termination Rights
    
    
    82Section 11.04. Defeasance
    
    
    82ARTICLE XII Miscellaneous
    
    
    83Section 12.01. Compliance Certificates, Opinions, etc.
    
    
    83Section 12.02. Form of Documents Delivered to Indenture Trustee
    
    
    85iii




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PageSection 12.03. Acts of Noteholders
    
    
    86Section 12.04. Notices, etc. to Indenture Trustee and Issuer
    
    
    87Section 12.05. Notices to Noteholders; Waiver
    
    
    87Section 12.06. Alternate Payment and Notice Provisions
    
    
    88Section 12.07. Conflict with Trust Indenture Act
    
    
    88Section 12.08. Effect of Headings and Table of Contents
    
    
    88Section 12.09. Successors and Assigns
    
    
    88Section 12.10. Severability of Provisions
    
    
    88Section 12.11. Benefits of Indenture
    
    
    88Section 12.12. Governing Law
    
    
    88Section 12.13. Counterparts
    
    
    89Section 12.14. Trust Obligation
    
    
    89Section 12.15. No Petition; Subordination and Claims Against Transferor[s]
    
    
    89Section 12.16. Limitation of Liability of Owner Trustee
    
    
    90iv




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Trust Indenture Act Section
    
    Indenture Section310(a)(1)
    
    6.11(a)(2)
    
    6.11(a)(3)
    
    6.10(a)(4)
    
    Not Applicable(a)(5)
    
    6.11(b)
    
    6.08, 6.11(c)
    
    Not Applicable311(a)
    
    6.12(b)
    
    6.12(c)
    
    Not Applicable312(a)
    
    7.01, 7.02(a)(b)
    
    7.02(b)(c)
    
    7.02(c)313(a)
    
    7.04(b)
    
    7.04(c)
    
    7.03(a), 7.04(d)
    
    7.04314(a)
    
    3.09, 7.03(a)(b)
    
    3.06(c)(1)
    
    2.11, 8.07(c), 12.01(a)(c)(2)
    
    2.11, 8.07(c), 12.01(a)(c)(3)
    
    2.11, 8.07(c), 12.01(a)(d)(1)
    
    2.11, 8.07(c), 12.01(b),12.01(c), 12.01(d),12.01(e)(d)(2)
    
    12.01(b), 12.01(c)(d)(3)
    
    Not Applicable(e)
    
    12.01(a)315(a)
    
    6.01(b)(b)
    
    6.02(c)
    
    6.01(a), 6.01(c)(d)(1)
    
    6.01(d)(d)(2)
    
    6.01(d)(d)(3)
    
    6.01(d)(e)
    
    5.14316(a)(1)(A)
    
    5.12316(a)(1)(B)
    
    5.13316(a)(2)
    
    Not Applicable316(b)
    
    5.08317(a)(1)
    
    5.04317(a)(2)
    
    5.04(d)317(b)
    
    5.04(a)318(a)
    
    12.07





| |  |                                                                                                       
| |  | ------------------------------------------------------------------------------------------------------
| |  | *This reconciliation and tie is not, for any purpose, to be deemed to be part of the within Indenture.

v




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[indenture
trustee]
      Master Collateral




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Series Collateral Collateral
 2




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Definitions
 Accumulation Period
 Act
 Adjusted Invested Amount
 Adjusted Pool Balance plus
 Administration Agreement
 Administrator
 Adverse Effect
 Affiliate
 3




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Agreement
 Amortization Event
 Amortization Period
 Applicants
 Authorized Officer
    4




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Bank
 Bearer Notes
 Beneficial Owner
 Book-Entry Notes
 Business Day
 Cash Management Account
 Class
 Clearing Agency
 Clearing Agency Participant
 Clearstream
 Closing Date
 Code
 Collateral
 Collection Account
 5




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Collection Account Cash Deposit Subaccount
 Collection Account Securities Subaccount
 Collection Period
 Collections
 Commission
 Corporate Trust Office  provided, however
 Coupon
 Cut-off Date
 Date of Processing
 Default
 Defeasance
 Defeased Series
 Definitive Notes
 6




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Delaware Trustee
 Deliver Delivered Delivery
    FRBNY
 7




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Deposit Date
 Determination Date
 Distribution Date
 Dollars $ U.S.$
 DTC
 Eligible Institution
 Eligible Investments
  provided
   8




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Euroclear Operator
 Event of Default
 Excess Funding Account
 Excess Funding Account Cash Deposit Subaccount
 Excess Funding Account Securities Subaccount
 Excess Funding Amount
 Excess Interest Collections
 Excess Interest Sharing Group
 Excess Interest Sharing Series
 Exchange Act
 9




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FCF Corp
 FCF LLC
 FDIC
 Fitch
 Fixed Investor Percentage
 Floating Investor Percentage
 Ford
 Ford Credit
 Foreclosure Remedy
 Foreign Clearing Agency
 Global Note
 Grant
 Holder Noteholder
 10




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Increase Date
 Indenture
 Indenture Supplement
 Indenture Trustee
 Independent
 Independent Certificate
 Indirect Participant
 Initial Invested Amount
 Insolvency Event
  11




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Interest Collections
 Interest Collections Shortfalls
 Interest Reallocation Group
 Interest Reallocation Series
 Invested Amount
 Investment Company Act
 Issuer
 12




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Issuer Order Issuer Request
 Lien
 Master Collateral
 Miscellaneous Payments
 Moodys
 Net Adjusted Pool Balance minus
 New Issuance
 Non-Conforming Receivable Amount
 Note Interest Rate
 Note Owner
 Note Register
 Noteholder Holder
 Noteholders Collateral
 13




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Notes
 Officers Certificate
 Opinion of Counsel
 Other Floorplan Assets
 Outstanding
  provided, however
  bona fide
 provided, however
 14




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Outstanding Amount
 Owner Trustee
 Paying Agent provided
 Permitted Assignee
 Person
 Pool Balance
 Principal Collections
 Principal Funding Account
 Principal Sharing Group
 Principal Sharing Series
 15




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Principal Shortfalls
 Principal Terms
 Proceeding
 Qualified Account
 Rating Agency
 Rating Agency Condition
 16




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Receivables
 Receivables Purchase Agreement[s]
    Record Date
 Recoveries
 Redemption Date
 Registered Notes
 Related Security
 Required Pool Balance times plus
 17




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Required Subordinated Amount
 Required Transferor Amount times plus
 Revolving Period
 Securities Act
 Securities Intermediary
 Selle r
 Series
 Series Account
 Series Account Cash Deposit Subaccount
 Series Account Securities Subaccount
 Series Amortization Event
 Series Collateral
 Series Enhancement
 18




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Series Enhancement Agreement
 Series Enhancer
 Series Final Maturity Date
 Series Issuance Date
 Servicer
 Servicing Transfer
 Shared Enhancement Series
 Shared Principal Collections
 Standard & Poors
 Subsequent Transferor
 Tax Opinion
 19




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Tranche
 Transaction Documents
 Transfer Agent and Registrar
 Transfer and Servicing Agreement[s]
    Transferor Amount over
 Transferor Deposit Amount
 Transferor Interest
 Transferor Percentage
 minus
 20




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minus
 Transferor[s]
 Trust Account Cash Deposit Subaccount
 Trust Account Securities Subaccount
 Trust Agreement
 Trust Amortization Event
 Trust Assets
 Trust Indenture Act TIA
  Trust Termination Date
 Trustee Officer
 21




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UCC
 United States Regulations
 United States Securities Entitlement
 Other Definitional Provisions
       22




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Form Generally Bearer
Notes Coupons Registered Notes
 Denominations
 23




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Execution, Authentication and Delivery
   Authenticating Agent
    24




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##### 



as Authenticating Agentfor the Indenture TrusteeBy:Authorized Officer
 Registration of and Limitations on Transfer and Exchange of Notes
 Note Register Transfer Agent and Registrar
  25




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##### 



26




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##### 



Mutilated, Destroyed, Lost or Stolen Notes
    bona fide provided,
however bona fide bona fide
 27




---



##### 



bona fide
    Persons Deemed Owners
 Appointment of Paying Agent
 provided
  28




---



##### 



Access to List of Noteholders Names and Addresses
 Applicants
  Cancellation
 Release of Collateral
 29




---



##### 



New Issuances
 New Issuance
       30




---



##### 



Book-Entry Notes
   31




---



##### 



Notices to Clearing Agency or Foreign Clearing Agency
 Definitive Notes
   32




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##### 



Global Notes; Euro-Note Exchange Date Global Note
 Meetings of Noteholders
 33




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##### 



Uncertificated Classes provided, however
   Payment of Principal and Interest
   Maintenance of Office or Agency
 Money for Note Payments to Be Held in Trust
  34




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##### 



35




---



##### 



Existence
 Protection of Trust
       36




---



##### 



Opinions as to Trust Assets
 Performance of Obligations; Servicing of Receivables
     37




---



##### 



38




---



##### 



Negative Covenants
    39




---



##### 



Statements as to Compliance
   Issuer May Consolidate, Etc., Only on Certain Terms
    40




---



##### 



41




---



##### 



Successor Substituted provided
 No Other Business
 No Borrowing
 Servicers Obligations
 Guarantees, Loans, Advances and Other Liabilities
 42




---



##### 



Capital Expenditures
 Removal of Administrator
 Restricted Payments
    provided, however
 Notice of Events of Default
 Further Instruments and Acts
 43




---



##### 



Additional Representations and Warranties of Issuer
        44




---



##### 



Satisfaction and Discharge of Indenture
       45




---



##### 



Application of Trust Money
   Amortization Events Trust
Amortization Event
   46




---



##### 



Events of Default Event of Default
       47




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##### 



Acceleration of Maturity; Rescission and Annulment
   Collection of Indebtedness and Suits for Enforcement by Indenture Trustee
   48




---



##### 



49




---



##### 



Remedies; Priorities
   50




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##### 



2 3 Foreclosure Remedy
    51




---



##### 



provided bona fide
 Optional Preservation of Trust Assets
 52




---



##### 



Limitation on Suits
        53




---



##### 



Unconditional Rights of Noteholders to Receive Principal and Interest
 Restoration of Rights and Remedies
 Rights and Remedies Cumulative
 Delay or Omission Not Waiver
 Rights of Noteholders to Direct Indenture Trustee provided, however
  54




---



##### 



Waiver of Past Defaults
    Undertaking for Costs
 Waiver of Stay or Extension Laws
 55




---



##### 



Sale of Trust Assets
   provided bona fide
 Action on Notes
 56




---



##### 



Duties of Indenture Trustee
    provided, however
  57




---



##### 



58




---



##### 



Notice of Amortization Event, Events of Default or Servicer Default
 Rights of Indenture Trustee
    59




---



##### 



Not Responsible for Recitals or Issuance of Notes
 May Hold Notes
 60




---



##### 



Money Held in Trust
 Compensation, Reimbursement and Indemnification
       61




---



##### 



Replacement of Indenture Trustee
        62




---



##### 



Successor Indenture Trustee by Merger provided
  Appointment of Co-Indenture Trustee or Separate Indenture Trustee
    63




---



##### 



Eligibility; Disqualification provided, however
 Preferential Collection of Claims Against
 64




---



##### 



Tax Returns
 Representations and Covenants of Indenture Trustee
    The Securities Intermediary; Certain Matters Relating to Trust Account
Securities Subaccounts
    65




---



##### 



66




---



##### 



Issuer to Furnish Indenture Trustee Names and Addresses of Noteholders provided, however
 Preservation of Information; Communications to Noteholders
    Reports by Issuer
   67




---



##### 



Reports by Indenture Trustee
 Notice by Publication
   Collection of Money
 68




---



##### 



Rights of Noteholders Noteholders Collateral Transferor Interest provided, however
 Establishment of Collection Account and Excess Funding Account; Certain Matters
Relating to Trust Account Cash Deposit Subaccounts
 Collection Account Collection Account Collection Account Securities Subaccount Collection Account Cash Deposit
Subaccount
 69




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##### 



Excess Funding Account
 70




---



##### 



Excess Funding Account Excess Funding Account Securities Subaccount Excess Funding Account Cash Deposit Subaccount
 provided however
 71




---



##### 



72




---



##### 



Appointment of Bank
 Collections and Allocations
 Allocations of Collections
 Timing of Deposits into Collection Account
   73




---



##### 



Required Deposit Amounts
 provided
   Interest Reallocation Groups; Excess Interest Sharing Groups; Principal Sharing
Groups
 Interest Reallocation Groups
 74




---



##### 



Excess Interest Sharing Groups pro rata over
 Principal Sharing Groups pro rata over provided, however
 Shared Enhancement Series
 Release of Trust Assets; Eligible Loan Documents
  75




---



##### 



Distributions and Reports to Noteholders
   Supplemental Indentures without Consent of Noteholders
 76




---



##### 



provided, however
 77




---



##### 



provided, however
 provided, however
  Supplemental Indentures with Consent of Noteholders 2 3 provided, however
 78




---



##### 



79




---



##### 



Execution of Supplemental Indentures
 Effect of Supplemental Indenture
 Conformity with Trust Indenture Act
 Reference in Notes to Supplemental Indentures
 80




---



##### 



Termination of Trust
 Final Distribution
   81




---



##### 



[Transferors]/[Transferors] Termination Rights
 Defeasance
 Defeased
Series Defeasance provided, however
    82




---



##### 



Compliance Certificates, Opinions, etc.
 83




---



##### 



84




---



##### 



Form of Documents Delivered to Indenture Trustee
  85




---



##### 



Acts of Noteholders
 Act
    86




---



##### 



Notices, etc. to Indenture Trustee and Issuer
   Notices to Noteholders; Waiver
    87




---



##### 



Alternate Payment and Notice Provisions
 Conflict with Trust Indenture Act
 Effect of Headings and Table of Contents
 Successors and Assigns
 Severability of Provisions
 Benefits of Indenture
 Governing Law
 88




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##### 



Counterparts
 Trust Obligation
 No Petition; Subordination and Claims Against Transferor[s]
   89




---



##### 



Limitation of Liability of Owner Trustee
 90




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##### 



FORD CREDIT FLOORPLAN MASTER OWNER TRUST __, as IssuerBy [OWNER TRUSTEE], not in its individual capacity, but
solely as Owner TrusteeByName:Title:[INDENTURE TRUSTEE], not in its individual capacity, but
solely as Indenture Trustee, Securities Intermediary and
BankByName:Title:
 91